The financial package will also support the company’s expansion prospects outside Africa by allowing the firm to build and acquire new energy plants across the globe.
“We welcome the opportunity to work collaboratively with the IFC to make a significant impact on sustainable infrastructure development for everyone. We are supporting our customers in addressing the transition to a low-carbon economy through our renewable projects and energy-efficient products, and we are looking forward to further aligning our activities to the global Sustainable Development Goals,” said Ahmed El Sewedy, Elsewedy Electric President and Chief Executive Officer.
